Despite tax revenues that struggled for much of the fiscal year, Indiana closes its book with a surplus of more than $100 million and reserves topping $2 billion. But Democrats say the state is hoarding money to make its bottom line look good.
Going into the final month of the fiscal year, Indiana was about $50 million short of expectations. But a strong June helped the state end the year about $13 million above projected levels. Still, Indiana brought in nearly $60 million less this year than last year.